Topic: Bitcoin $400,000 (?) - page 3. (Read 689 times)

Nah, these guys generally spend a few quiet years being lucky, earning when they dump their shares of coin and then when they've spent everything they want on lambos or other wealth, they get bored and then they want to be influencers. There's only 1 reason he'd go for something so outlandish and it's exactly to get the attention his claims are getting now. Probably acting on advise of some thought leadership advisor he hired.

Like you said nothing new. But hey, new prediction to add to the pile of prophets.

Prices like these are always thrown around.  The thing is if they hit which some ultimately will by default, they claim to be geniuses.  If it falls flat then the post or article just gets buried with the rest of them.  Price values for bitcoin at this point are a guess at best.

Probably another guy who just found bitcoin lately and then making outlandish claim?

Or probably another banker turn hedge fund manager? So obviously he needs to shill for bitcoin right?

However, deriving bitcoin's price because of the relationship to gold? Nothing is new here, I mean everyone can make claims like this but we all know that the price is really based on the simply supply and demand here, no need to make things over complicated, just saying.

always hate to heard someone who comparing bitcoin as a digital gold.

this rodney stevens do identified like that. whether he has no idea at all about bitcoin or mixed things up making those long term bitcoin price target analysis based on the thin air data , he did not even mention bitcoin halving that will occured within 6 months.

and this rodney steven is a founder of Digital Asset Management Corp., a private start-up, developing a cryptocurrency holdings company with the objective of providing investors with a convenient and more liquid way of gaining exposure to the cryptocurrency sector without sacrificing security. which i believe he just looking for convincing people (their investors especially) that bitcoin is always in bullish in the long term specifically.
i won't surprised if someone like him put that $400k numbers overconfidently as his target , that is they way that kind guy making a sales.

I read that and was interested in this word "Bitcoin is digital gold, whose value is derived primarily as an inflation hedge. Because Bitcoin is more money-like than gold and scarcer than gold" I feel that bitcoin is very rare, $ 400k is the price easy to reach it's just that it takes time and it needs a lot of adoption too in the next few years, I can't guarantee the price of $ 400k in the next 2 years, maybe half of that could just happen

It is kind of the truth though. Although labeling it as useless is an overstatement since it being a medium of exchange is already a huge contribution. It does indeed pale in comparison to gold since gold is a hard asset where as fiat is backed by banks which just continue printing fiat money, worsening the economic situation of the globe.

Although his statement of being a Gold mining analysts allows him to truly understand BTC is a bit of an overstatement in my opinion. Not one could truly say that they understand BTC after all.

everyone becomes an expert when it comes to speculating bitcoin according to news sites so i wouldn't really read too much into it. there are lots of random dudes less known that this guy with far less history of investment of any kind that are being quoted as experts by these sites!

as for the speculation itself, it is not really a big deal. i would be more skeptical about $1 million+ target rather that such a low price as $400k which will most probably be reached in the nest bubble cycle.

Ooh?! So now he loves the privacy? Is this guy just created also to be the front of the said website? 
Sounds like a scam ICO to me.  Can we compare it with that?

$400k is a good number but just way to far. When looking at the numbers now, it is just difficult to believe that it could go so far and also in a fast pace.
I would rather believe those writers or vloggers that are claiming like $15k to $20k before the end of the year.
Although the analysis looks so bad, the numbers might really be reached and I'd rather listen to those types.

Probably a person like the author has invested huge amount in cryptocurrency. His speculations may drag people's attention and possibly make other retail investors believe his statements. Nevertheless, he's just another random investor in crypto space like us, he's just using a relevant title on his name to make it more believable.

That $400,000 Bitcoin value is not impossible, but It's not realistic in this current market situation either.

So many speculations, but in reality it was worst and disappointing. Many of us think it was a manipulation, but maybe that because of many people took good of an opportunity to sell while there's some surges happening. We need to wait for bigger investors to buy and hold bitcoin in order to see some positive signs.

400k is like ten years away and buying some bread will be like $20 at that point also because they will have suffered excess money supply, so in value terms who knows.   Thats possible but in 4yr I think it doesnt make sense to me without vast disruption, where as over the decade the change is handled across an entire economy so more feasible.

Saying money is useless is not all wrong, we dont use the paper.  FIAT is often backed by the demand as requirement as taxes.   A money supply in excess of GDP has many problems but also no GDP growth means less tax demand for that paper and if they did raise taxes too high then the whole system becomes avoided by global commerce.
   It is an ironic setup, we dont actually want the money but want that which it represents or what it can buy so we want the purchasing power.    Gold is often stated that way, most dont really want to use it but in its exchange however gold does have that base use and every other form of money potentially has a zero worth possibility.   This generation of economics we are in is at the tail end of generations of failure, soft default and frayed backing to its value and exchange and it can fall apart but it sounds about as real aliens to say so now.
    Paper notes becoming worthless is actually the road map, its the highest probability outcome and the historical precedent but I would argue at least ten years for notable failure.  4yr for BTC 400k comes across as disingenuous.

Too far $ 400,000 for bitcoin to reach $ 20,000 is hard to come back to as it is in 2017 bitcoin will go up in the future but I don't think it will be too high like that, even experts say bitcoin will continue to grow but at a normal price, speculate it is possible but remember we see it with analysis data.

Amazingly people Keep speculating high prices about Bitcoin, yes there’s a chance that it will reach that amount but why can’t we just stick to realistic value at the moment. Now that Bitcoin is struggling to break its ATH record I think we should leave it to market and see how long we should wait.

$400,000 is in the upper boundary of Bob Loukas' prediction of the 4 year cycle peak. He is basically expecting something similar as in 2017.
I guess we can hope for 400k. But should expect something like "only" 100k.

https://www.youtube.com/watch?v=oPXQa47iT28&t=

It depends how old you are 
Every price could be possible once papers will not be used and the main fiat is removed. In other terms, once bitcoin will be adopted worldwide and satoshi become the actual dollar

This is his main argument. Reality is that something also have to replace money. If that will be Bitcoin then price should be eventually much higher.

From the article:


I wish he would state what exactly "long-term" means. If Bitcoin continues to survive over time then it's price will likely go up over the long-term The question is: Will it reach $400,000 in my lifetime?

After a nice 2016 at the end of which Bitcoin got to 1000+, 2017 came with 20x pump. (The data is from memory, it may not be 100% accurate.)

I guess that this is expected again.
It's clearly possible. Whether it will actually happen or not, we'll have to live and see.

Yep, and proclamations like the one this guy made are done for personal publicity.  That's all.  He might genuinely believe bitcoin should be valued at $400,000 but if that's so, he's out of touch with reality.  And I don't take him seriously either.

Gee, you think?

His analysis is very far from the reality right now especially if you follow closely how the market flows. There is no up always and the market is like a wheel that you don't know when the price will raise or fall.

If in case his prediction will become reality then maybe in the future like 20 or more years from now as everything is possible and there is a big chance that crypto currencies especially the bitcoin will become the main currency in the future.